INVESTORS' PROTECTION​ FUND

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The Investors' Protection Fund (IPF)​

The Nigerian Stock Exchange maintains Investo​rs' Protection Fund in line with part XIV of the Investment and Securities Act 2007, (CAP 124, LFN, 2004) (“ISA”) that requires The Nigerian Stock Exchange to establish and maintain an investor protection fund.​

The purpose of the investors'​ protection fund is to compensate investors with genuine claims of pecuniary loss against dealing member firms resulting from:

insolvency, bankruptcy or negligence of a dealing member firm of a securities exchange or capital trade point; and​

defalcation committed by a dealing member firm or any of its directors, officers, employees or representatives in relation to securities, money or any ​​property entrusted to, or received by the dealing member firm in its course of business as a capital market operator.​